National Bureau Of Statistics: PMI Data Of China'S Manufacturing Industry In January 2024

Data released by the National Bureau of Statistics on January 31: In January, the purchasing managers' index (PMI) of the manufacturing industry was 49.2%, up 0.2 percentage points from the previous month, and the prosperity level of the manufacturing industry rebounded.

From the perspective of enterprise scale, the PMI of large enterprises was 50.4%, up 0.4 percentage points over the previous month, higher than the critical point; The PMI of medium-sized enterprises was 48.9%, up 0.2 percentage points over the previous month, lower than the critical point; The PMI of small enterprises was 47.2%, down 0.1 percentage points from the previous month, lower than the critical point.

From the perspective of sub indexes, among the five sub indexes that constitute the PMI of manufacturing industry, the production index and supplier delivery time index are higher than the critical point, and the new order index, raw material inventory index and employee index are lower than the critical point.

The production index was 51.3%, 1.1 percentage points higher than that of the previous month, indicating that the prosperity of manufacturing production has rebounded.

The index of new orders was 49.0%, up 0.3 percentage points over the previous month, indicating that the prosperity of manufacturing market demand has improved.

The raw material inventory index was 47.6%, down 0.1 percentage point from the previous month, indicating that the inventory of major raw materials in the manufacturing industry continued to decrease.

The employee index was 47.6%, down 0.3 percentage points from the previous month, indicating a decline in the employment landscape of manufacturing enterprises.

The supplier delivery time index was 50.8%, up 0.5 percentage point over the previous month, indicating that the delivery time of raw material suppliers in the manufacturing industry continued to accelerate.